National Debt: Problem Solved?
National debt is no longer growing out of control after two years of fierce debates in Washington. Now that the national debt is no longer a concern, everyone from President Obama to House Speaker John Boehner (R-Ohio) wants to take credit for these improvements.
However, a lot of the improvement is due to other factors than these budget debates. According to a Washington Post analysis, some of these factors include lower than expected healthcare costs and improvements in the economy.
The improvement in the budget has changed the debate about it as well. Now, Democrats are urging politicians see this as a victory and move on. Due to legislation that was passed by Republicans after they took control of the house in 2011, there should be significant savings for at least the rest of the decade.